State regulators trim proposed United Illuminating electric rate increase
PURA released its proposed final decision Wednesday. Commissioners will issue a final ruling Dec. 14.
UI requested a rate increase to address operating deficiencies. The company proposed increasing residential customer rates by roughly 5 percent in each of the next three years, beginning Jan. 1.
PURA’s decision reduces the rate increase to 2.1-to-2.7 percent beginning January 1.
UI’s request was to address deficiencies of approximately $66 million in 2017, $20 million in 2018 and $12 million in 2019. PURA’s decision will still allow revenue to increase approximately $41 million in 2017; $14.4 million in 2018 and $3.4 million in 2019.
UI serves approximately 330,000 residential, commercial and industrial customers in the greater New Haven and Bridgeport areas.